Civic Intelligence

New City School

990 • Fiscal year 2010 • EIN 41-2006469

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 11, 2011

229 13th Avenue NE55413
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.25x

Higher debt load relative to assets than 60% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$834,054

No earlier filing loaded for comparison.

Net Assets

$622,610

No earlier filing loaded for comparison.

Liabilities

$211,444

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,161,179

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $834,054Liabilities 2010: $211,444Net Assets 2010: $622,6102010Assets 2011: $823,844Liabilities 2011: $244,558Net Assets 2011: $579,2862011Assets 2012: $842,976Liabilities 2012: $262,945Net Assets 2012: $580,0312012Assets 2013: $817,506Liabilities 2013: $226,222Net Assets 2013: $591,2842013Assets 2014: $785,941Liabilities 2014: $118,563Net Assets 2014: $667,3782014Assets 2015: $1,154,534Liabilities 2015: $1,197,939Net Assets 2015: -$43,4052015Assets 2016: $1,369,521Liabilities 2016: $1,524,130Net Assets 2016: -$154,6092016Assets 2017: $4,216,312Liabilities 2017: $5,019,121Net Assets 2017: -$802,8092017Assets 2018: $3,231,092Liabilities 2018: $4,781,631Net Assets 2018: -$1,550,5392018Assets 2019: $3,134,566Liabilities 2019: $4,100,691Net Assets 2019: -$966,1252019Assets 2020: $2,511,185Liabilities 2020: $3,699,856Net Assets 2020: -$1,188,6712020Assets 2021: $2,369,721Liabilities 2021: $3,578,897Net Assets 2021: -$1,209,1762021Assets 2022: $8,259,913Liabilities 2022: $9,280,462Net Assets 2022: -$1,020,5492022Assets 2023: $7,946,747Liabilities 2023: $9,078,514Net Assets 2023: -$1,131,7672023Assets 2024: $7,459,285Liabilities 2024: $9,005,108Net Assets 2024: -$1,545,8232024

Highlighted filing

2010

Assets$834,054
Liabilities$211,444
Net Assets$622,610

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,161,1792010Revenue 2011: $1,154,327Expenses 2011: $1,197,651Net Income 2011: -$43,3242011Expenses 2012: $1,242,6202012Revenue 2013: $1,335,313Expenses 2013: $1,324,060Net Income 2013: $11,2532013Revenue 2014: $1,805,899Expenses 2014: $1,729,805Net Income 2014: $76,0942014Revenue 2015: $2,412,549Expenses 2015: $2,265,001Net Income 2015: $147,5482015Revenue 2016: $2,368,587Expenses 2016: $2,479,791Net Income 2016: -$111,2042016Revenue 2017: $2,561,238Expenses 2017: $3,209,438Net Income 2017: -$648,2002017Revenue 2018: $2,798,987Expenses 2018: $3,546,717Net Income 2018: -$747,7302018Revenue 2019: $3,184,330Expenses 2019: $2,599,916Net Income 2019: $584,4142019Revenue 2020: $3,380,343Expenses 2020: $3,602,889Net Income 2020: -$222,5462020Revenue 2021: $3,538,466Expenses 2021: $3,558,971Net Income 2021: -$20,5052021Revenue 2022: $4,317,991Expenses 2022: $4,129,364Net Income 2022: $188,6272022Revenue 2023: $4,762,199Expenses 2023: $4,873,417Net Income 2023: -$111,2182023Revenue 2024: $5,070,879Expenses 2024: $5,484,935Net Income 2024: -$414,0562024

Highlighted filing

2010

Revenue-
Expenses$1,161,179
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 11, 2011
Return Version
2009v1.7
Gross Receipts
$1,141,225
Mission and Program Overview

Mission

New City School will create a learning community that is diverse, knowledgeable, thinking, and caring, and will serve as a demonstration site for best practices in the integration of social and academic learning.

Filing and Contact Details

Filer

EIN
41-2006469
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The School is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3) and is subject to tax on income from any unrelated business. On July 1, 2009, the School adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The School has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The School believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the School has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2010.
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IRS990ScheduleO/GeneralExplanation/Explanation0The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the School for review before it is signed and filed.
IRS990ScheduleO/GeneralExplanation/Explanation1The board assigns the monitoring to a specific committee who is responsible to review the compliance with the policy. Board members are required to annually complete a conflict of interest statement.
IRS990ScheduleO/GeneralExplanation/Explanation2Board evaluates the director and bases compensation increase off of evaluation. Board then votes on increase.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued. This process was the same as last year.
IRS990ScheduleO/GeneralExplanation/Explanation5Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/GeneralExplanation/Explanation6One member of the board is a teacher at the school. Minnesota State statute 124D.10 subd.4(g) requires the board to have at least one member that is an employed/contracted teacher.
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ReturnHeader/Filer/USAddress/City0Minneapolis
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055413
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-02-11
ReturnHeader/Officer/Name0Jitendrapal Kundan
ReturnHeader/Officer/Phone06126233309
ReturnHeader/Officer/Title0Director of Education
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine105353 Wayzata Blvd Ste 410
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Minneapolis
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$9.01$1.55$5.07$5.48$0.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.95$9.08$1.13$4.76$4.87$0.11
2022Detailed filing. Detailed filing data is available for this year.$8.26$9.28$1.02$4.32$4.13$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$3.58$1.21$3.54$3.56$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$3.70$1.19$3.38$3.60$0.22
2019Detailed filing. Detailed filing data is available for this year.$3.13$4.10$0.97$3.18$2.60$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$4.78$1.55$2.80$3.55$0.75
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$5.02$0.80$2.56$3.21$0.65
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$1.52$0.15$2.37$2.48$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.15$1.20$0.04$2.41$2.27$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.12$0.67$1.81$1.73$0.08
2013Summary only. Only limited summary data is available for this year.$0.82$0.23$0.59$1.34$1.32$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.26$0.58$1.24
2011Summary only. Only limited summary data is available for this year.$0.82$0.24$0.58$1.15$1.20$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.21$0.62$1.16